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Dec 22, 2012
12/12
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i do believe we need to go over the fiscal cliff to. coming up and having to do a deal at the end of every year is getting old because everybody is rush. what we need to do is it that, let us go over the fiscal cliff, put a temporary hold on everything and let these guys see if they can work out a deal. so far, they have not been able to do it for the last four years. i do believe we need to say -- stay at 18%-20% gdp. as far as cuts, we have really never got in because we were supposed to. that is just like the sequestered. that was passed in 2011. they are still working on the cuts. most of the cuts are based on the increase is built into the baseline. when we do cuts, we need to go back to a zero baseline. host: we will leave it there. stephen dinan. guest: your callers are incredibly a form of this. host: we have a sharp plunge out there. -- bunch out there. guest: president, says his plan will produce x billions of dollars more than boehner's plan. both of them are talking about increased deficits over the baseline. they are talkin
i do believe we need to go over the fiscal cliff to. coming up and having to do a deal at the end of every year is getting old because everybody is rush. what we need to do is it that, let us go over the fiscal cliff, put a temporary hold on everything and let these guys see if they can work out a deal. so far, they have not been able to do it for the last four years. i do believe we need to say -- stay at 18%-20% gdp. as far as cuts, we have really never got in because we were supposed to....
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Dec 22, 2012
12/12
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CNBC
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but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consumer staples or something going into the new year. >> what i was thinking i told a friend of mine today conagra reported an amazing number. that's the kind of thing i would think about. nice yield. good growth. i think that's the best idea. why don't we go to brooks in ohio. brooks was here. brooks? >> caller: my question is about abbott, the split, how's it going down and which side are you on? >> good news today. the split will be included in the s&p which is why it was up. abbott is going higher. that's why my travel trust owns it. things seem dysfunctional in washington but even now it's better to be a buyer than a seller if you know where to look. "mad money" will be right back. >> announcer: coming up, the world is overflowing with information and tibco helps make sense of ones and zeros. while the market is up nice for the year, its stock is now down big. does today's turn to the green mean it's time to logon or should you pull the plug? cramer's exclusive with the ceo is n
but with the fiscal cliff looming, i was wondering if you would advise more defenseless strategy like consumer staples or something going into the new year. >> what i was thinking i told a friend of mine today conagra reported an amazing number. that's the kind of thing i would think about. nice yield. good growth. i think that's the best idea. why don't we go to brooks in ohio. brooks was here. brooks? >> caller: my question is about abbott, the split, how's it going down and which...
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Dec 22, 2012
12/12
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so yeah, when they go over the cliff, that is a huge negotiating problem here. >> sam stein, thank you. >> just how much of a bump will you really feel if we do over the fiscal curb? ezra klein will join me. >>> and later, a former law in the george w. bush white house calls the nra exactly what it is. a protection racket, a protection racket for republicans. he will join me. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> okay, we are getting really close to the fiscal curb, and when congress comes back, they will only have four days. so it is time for ezra klein to tell us what we'll feel when we do go over the fiscal cliff. coming up. so now i can be in the scene. advair is clinically proven to
so yeah, when they go over the cliff, that is a huge negotiating problem here. >> sam stein, thank you. >> just how much of a bump will you really feel if we do over the fiscal curb? ezra klein will join me. >>> and later, a former law in the george w. bush white house calls the nra exactly what it is. a protection racket, a protection racket for republicans. he will join me. [ male announcer ] when it comes to the financial obstacles military families face, we understand....
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Dec 22, 2012
12/12
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so yeah, when they go over the cliff, that is a huge negotiating problem here. >> sam stein, thank you. >> just how much of a bump will you really feel if we do over the fiscal curb? ezra klein will join me. >>> and later, a former law in the george w. bush white house calls the nra exactly what it is. a protection racket, a protection racket for republicans. he will join me. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or
so yeah, when they go over the cliff, that is a huge negotiating problem here. >> sam stein, thank you. >> just how much of a bump will you really feel if we do over the fiscal curb? ezra klein will join me. >>> and later, a former law in the george w. bush white house calls the nra exactly what it is. a protection racket, a protection racket for republicans. he will join me. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's...
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Dec 22, 2012
12/12
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thank you so much for your time. >> thank you. >>> here's one take on the fiscal cliff. john boehner's animal house. we are bogey to talk to "the washington post" writer who says in boehner's house the animals are rampaging. what's that mean? we will have an answer for you in the next half hour. >>> nasty weather is lingering just before christmas. aaa predicts 93 million of us will be traveling long distances over the holidays. that includes those that are flying. with a hello to you. how is it looking out there? not too bad in terms of traffic behind you. >> that's exactly right. good afternoon. it isn't too bad. here chilly but sunny and no problems to report in atlanta. most major airports throughout the country are run okay. one exception may be san francisco. bus there were rain delays there earlier today. but -- traffic slowing down a few of the other airports. according to flight aware.com so far only about 70 nights cancelled in the u.s. so far today. that's a big difference from thursday and provide when that storm blew through the plains and midwest and the no
thank you so much for your time. >> thank you. >>> here's one take on the fiscal cliff. john boehner's animal house. we are bogey to talk to "the washington post" writer who says in boehner's house the animals are rampaging. what's that mean? we will have an answer for you in the next half hour. >>> nasty weather is lingering just before christmas. aaa predicts 93 million of us will be traveling long distances over the holidays. that includes those that are...
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Dec 22, 2012
12/12
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CNBC
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, a fiscal cliff stock bear. >> yes. give or take, yes. >> and why? >> well, i think it's pretty clear you're talking about -- well, our best case scenario has been we're going off the cliff. we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our country's history, a considerable amount of spending cuts, and in the short-term, probably hit the stock prices on the order of 10%. >> if i give you a cliff deal. okay. i'm going to give you a cliff deal for middle class extensions, 250,000, you're right the top rates will go up. but if you get that deal in january, that does save us from the recession scenario, the really deep gloom scenario. >> this is the big debate. our view has been if you get a deal fairly quickly in the new year, it's hardly the end of the world. the question really or the debate really accelerates if you start getting closer to january 15th or ultimately the inauguration. do you do more serious damage to the economy that makes i
, a fiscal cliff stock bear. >> yes. give or take, yes. >> and why? >> well, i think it's pretty clear you're talking about -- well, our best case scenario has been we're going off the cliff. we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our country's history, a considerable amount of spending cuts, and in the short-term, probably hit the stock prices on the order of 10%. >> if i give you a...
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Dec 22, 2012
12/12
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thank you very much. >> thanks. >>> to politics now. the coming fiscal cliff. there was a flurry of action this week. in the end, still no deal. the senate is on vacation until thursday. and republican house leaders have just said that they'll be back if needed. joining me now as they do every week, cnn contributor maria cardona and amy holmes, anchor of "real news" on "the blaze." good morning to you. >> good morning. >> maria, there are still a few days left, maria. can anything get done, what do you think? >> given that it's the holiday season and i think hope should spring eternal, especially this time of year -- >> oh, my. >> and i am an optimist. i hope that a deal can get done, randi. the other thing that i think should go into the equation as to whether a deal can get done even though it hasn't up to now is republicans need to remember who won this election. and republicans need to remember what the american people wanted and whose plan they supported. and that was president obama's plan to make sure to do this, deal with the fiscal cliff in a balanced
thank you very much. >> thanks. >>> to politics now. the coming fiscal cliff. there was a flurry of action this week. in the end, still no deal. the senate is on vacation until thursday. and republican house leaders have just said that they'll be back if needed. joining me now as they do every week, cnn contributor maria cardona and amy holmes, anchor of "real news" on "the blaze." good morning to you. >> good morning. >> maria, there are still a...
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Dec 22, 2012
12/12
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thank you all very much. >> the fiscal cliff proposals in the house and senate. the majority leader said that the house should take up legislation taken up by the senate. this is about 15 minutes. >> without democrat and republican votes, which means any solution will have to ask the most fortunate to pay a little bit more to reduce our deficit and insure that it does not take our nation to the brink of default. nothing that has passed the house of representatives meets that test. nothing. president obama and speaker boehner. poised to strike a grand bargain a couple of days ago. we have heard that before. instead of making -- instead of making our dresses about compromise, the speaker retreated to his corner and resorted to political stunts. that is done, and fell flat. it is time for the speaker and all republicans to return to the negotiating table. we have never left. it is time for republicans to work with us to find a middle ground. it is the only hope of averting the devastating impact of the fiscal cliff. the fiscal cliff needs to be avoided. in the meant
thank you all very much. >> the fiscal cliff proposals in the house and senate. the majority leader said that the house should take up legislation taken up by the senate. this is about 15 minutes. >> without democrat and republican votes, which means any solution will have to ask the most fortunate to pay a little bit more to reduce our deficit and insure that it does not take our nation to the brink of default. nothing that has passed the house of representatives meets that test....